Buffer zone real estate

Buffer zone for the cheaterSon Nguyen Signs of cheating by a property broker named Alibaba have surfaced for over two months, but responses from State management agencies and law enforcement bodies have not been matching the extent of the company’s fishy business, as covered in local media. Now, all relevant agencies have stepped in, but much of the reaction from authorities, to date, has been limited to warnings, although losses and damages have been inflicted. In fact, there are two companies of the same name, both under Nguyen Thai Luyen as CEO: Alibaba Real Estate Joint Stock Company and Alibaba Northwest Company, and as both in nature stem from the same root, local media refer to both as Alibaba. The story began with a news story published on September 9, 2017 in Dau Tu newspaper, alleging Alibaba as a pyramid-scheme business with numerous signs of illegal trading. As the news spread, Alibaba convened a meeting with its salesmen and customers at the company’s … [Read more...] about Buffer zone for the cheater

From December 1 this year Vietnamese who can show a minimum income of VND10 million (US$440) a month can gamble in casinos.Circular No 102/2017, issued by the Ministry of Finance in early August to guide Decree No 03/2017 on casino businesses, lifts the ban on Vietnamese entering casinos that is in place now. Only foreigners are currently allowed into the country’s casinos.Once the ban is lifted, to enter people must also prove they are over 21 years old.As for the income, they have to show it is taxable at level 3 or higher or have certified copies of a lease agreement showing they receive rent of at least VND10 million a month or a bank statement showing interest income of that sum.Since 1992 the Government has been acknowledging that casinos would help attract tourists and bring revenues.This resulted in the first casino appearing in 1994 in the beach resort of Do Son in Hai Phong.Now there are eight casinos and more than 50 electronic gambling facilities nation-wide.The new … [Read more...] about VN nationals allowed to gamble in casinos

Circular No 102/2017, issued by the Ministry of Finance in early August to guide Decree No 03/2017 on casino businesses, lifts the ban on Vietnamese entering casinos that is in place now. Only foreigners are currently allowed into the country’s casinos.Once the ban is lifted, to enter people must also prove they are over 21 years old.As for the income, they have to show it is taxable at level 3 or higher or have certified copies of a lease agreement showing they receive rent of at least VND10 million a month or a bank statement showing interest income of that sum.Since 1992 the Government has been acknowledging that casinos would help attract tourists and bring revenues.This resulted in the first casino appearing in 1994 in the beach resort of Do Son in Hai Phong.Now there are eight casinos and more than 50 electronic gambling facilities nation-wide.The new circular is expected to encourage the opening of casinos around the country, especially in special administrative-economic … [Read more...] about Ban on casino entry lifted

Another Vietnam-Cambodia Friendship Monument inaugurated People take photo at the Vietnam-Cambodia Friendship Monument (Source: nhandan.com.vn)A Vietnam-Cambodia Friendship Monument was inaugurated in Steung Treng city of the province of the same name on November 15 after one year of restoration.It is the tenth of the 17 monuments across Cambodia that have been upgraded under a project funded by the Vietnamese Ministry of National Defence, aiming to mark the 50th anniversary of bilateral diplomatic ties.Speaking at the inaugural ceremony, Secretary of State at the Cambodian Ministry of Cults and Religions Nhem Valy and Governor of Steung Treng province Mom Saroeun affirmed that the monument commemorates patriotic Cambodians and Vietnamese volunteer soldiers who laid down their lives for Cambodia’s liberation.It is also considered as an everlasting symbol of the traditional solidarity and friendship between the two countries, they stated.They reconfirmed that Cambodia can … [Read more...] about Social News 15/11

Ha Long city in the northern coastal province of Quang Ninh has issued a plan on intensifying measures to protect aquatic resources in Ha Long Bay - a UNESCO-recognised World Heritage Site - during the 2017-2020 period. A corner of Ha Long Bay The plan aims to strengthen environmental protection, protect and reproduce aquatic resources, and put an end to all fishing activities in the absolute protection zone in the bay.It also seeks to raise awareness of obeying the State, Quang Ninh province and Ha Long city’s regulations on seafood exploitation activities.The plan is expected to be implemented from October 25, 2017 to December 2020 in the buffer and absolute protection zones in the bay.Specifically, patrol is strengthened to detect and punish violations related to seafood exploitation and protection in coastal areas, especially in Ha Long and Bai Tu Long bays and banned fishing areas.Vehicles without registration, and violated fishing tools will be seized or … [Read more...] about Plan helps protect aquatic resources in Ha Long Bay

The arrival of capitalCan Gio is an island district southeast of Ho Chi Minh City, about 50 kilometres away from the city centre. This is the only district of Ho Chi Minh City that touches the East Sea, and the surrounding river and stream system is populated by a vast mangrove forest – one of the most distinct hallmarks of a diversified ecosystem consisting of a wide variety of flora and fauna endemic to coastal Vietnam.In 2011, the city’s management authorities inaugurated the 31km-long Sac Forest road at a total investment capital sum of VND1.56 trillion ($71 million), stretching from the Binh Khanh ferry-landing to the district centre.The Can Gio real estate market began to warm up in late 2016, after the completion of the 5.8km-long Binh Khanh Bridge which connects Nha Be and Can Gio districts. This is the first bridge linking Can Gio to Ho Chi Minh City’s centre, which should help bolster tourism and entertainment activities in Can Gio’s … [Read more...] about Knock-on effects of Can Gio growth

Hosting the APEC Economic Leaders’ Week 2017 (AELW) is a tremendous opportunity for Danang. What has the city been doing to welcome the event?First, Danang is aiming at building a reputation as a hospitable and civilised city before, during, and after AELW 2017. Recently, the Danang Department of Tourism launched a campaign called “Danang smile” in order to widely spread the image of our amiable and friendly locals. Accordingly, every citizen can be considered a tourism ambassador, making a good impression on foreigners.Another sector that the city is concentrating on is investment attraction. Danang is going to hold the Invest Danang 2017 Forum on October 14-15 with the participation of governmental leaders as well as national and international businesses. Leveraging this occasion, Danang will express its wishes, potentials, and development visions for the future.More importantly, in preparing for this event, the city is deciding on which key projects are in … [Read more...] about Danang set to smile on APEC Economic Leaders’ Week 2017

Cat Ba Amatina project - a complex including a coastal villa resort, yacht harbour, casino, hotels and other facilities - is bedecked by the incredibly beautiful landscape of Ha Long Bay - the Wonder of Natural World - and Cat Ba Island - the World Biosphere Reserve. This project, located on the Jade Island - the most beautiful landscape in northern Vietnam, is a pioneer in tourism property and is expected to create motivation for this sector. Cat Ba Amatina project § Construction area: 172.27 ha § General construction density: 17.23 % § Average height: 5 floors § Investors can register to invest in following items: 5-star hotel, marina, casino, service zone, and … [Read more...] about Cat Ba Amatina: Where Wonders Converge

The Asian Development Bank (ADB) predicted that the Southeast Asian nation would maintain an economic growth rate at 6.7% in 2016 and 6.5% in 2017 thanks to increasing FDI attraction, recovered customer confidence index, and enforced FTAs towards creating a more transparent and open business environment.The ADB proposed Viet Nam build macro-economic buffer zones which are able to respond to future economic shocks; especially focusing on fiscal sustainability, foreign reserve, prevention of NPLs, improvement of productivity, and support for SMEs to integrate into the global value chains.The Hongkong and Shanghai Bank (HSBC) cut its growth forecasts for Viet Nam in 2016 and 2017 to 6.3% and 6.6% (instead of 6.7% and 6.8% in earlier publication) due to negative impacts of climate change and saltwater intrusion. However, the bank still made positive medium-term outlook. Macro-economic stability and positive economic restructuringThe HSBC … [Read more...] about Int’l organizations make positive assessments on VN’s economic picture

Tran Van Can, chairman of the province's People's Committee, said: "Our province's motto is ‘your difficulties are our difficulties, your success is our success.'" Located in a prime spot in the Southern Key Economic Region, the province serves as a bridge between HCM City and 12 provinces in the southern delta region. It also shares a western border with Cambodia.The province's road and waterway transport, including the Ben Luc - Long Thanh highway that connects the province with Long Thanh International Airport, has greatly improved over the years. These conditions have enabled the province to promote economic development and business co-operation at home and abroad, Can said.Despite difficulties, the province has achieved growth of 11.26 per cent and per capita income of VND50.7 million (US$2,273), among the highest in the delta, he said.Nearly 7,900 businesses are operating in the province with total investment capital of more than VND189 trillion. It is also home to 1,259 … [Read more...] about Strategic Delta area woos investors